Online auction strategies

[ALBB]

what about the ( Ebay) guy who keeps re-bidding to get to the top... ( then retracts the bid)..thats always suspicious !!

[sbfinley]

For auction houses I usually have two tiers of items I watch, first are the handful of items I’m very interested in, and secondly those I am interested in but less so. If I get priced out of the top tier I’ll start placing bids in the other items so I’m on the extended bidding sheet. For example in a recent auction I expected an item to be around $3k and with about a week left it had bolted up to $7k and out of my range. In return I placed holder bids in about 10-12 lesser items I was interested in.

[Peter_Spaeth]

Originally Posted by ALBB

what about the ( Ebay) guy who keeps re-bidding to get to the top... ( then retracts the bid)..thats always suspicious !!

In the day this happened ALL the time with PWCC auctions.

[HercDriver]

I'm a dinosaur...I just put my bid in, what I want to pay for a card, and forget about it. I'm not really looking to "get a deal," I'm looking to pay a certain amount for a card, and if I get it fine. If I get it for less, even better. If I don't get it, I didn't want it at that price. I know I'm in the minority, but the last thing I need is bourbon-infused bidding at 2AM.

[Casey2296]

Originally Posted by HercDriver

but the last thing I need is bourbon-infused bidding at 2AM.

Some great collections have been built in this manner...

[HercDriver]

Haha...yeah, I'm sure! I'm happy with my mediocre collection, a bourbon to end the Cubs game, and in bed by 10PMish. I just like to set a price and be done with it. I know that's not the majority opinion, but that's just my game plan...

Cheers,
Geno

[Wanaselja]

Originally Posted by Casey2296

Some great collections have been built in this manner...

Indeed!

[frohme]

Originally Posted by Casey2296

Some great collections have been built in this manner...

Hear, hear! Bidding under the influence. or BUI, is often the source of buyer's remorse, chagrin, or a host of other feelings, most of which come up regularly when reviewing one's collection. Sadly.

--
Mike

[LuckyLarry]

Does any one bid made on a certain lot qualify you for extended bidding or do you have to keep placing bids to become high bidder to qualify for extended bidding on this certain lot?
Larry

[BioCRN]

A chunk of us that bid low and early on lots of stuff are in the market for multiple cards, but the goal isn't to win all the auctions.

It's not uncommon for me to bid on 5+ things with low/next bids just to get them on my "bidding" page on the website. Out of those 5+ items I know that I am only counting on being in the running for 1-2 of those items, but I have no idea what the market will dictate until the late bidders show up to drive the price.

I don't feel like setting a higher mark on an item when I know I'm going to be there in the last hours to check out the situation and where things stand with the bidding prices.

That said, I'm not one of those people that will stay up all night to extended-bid for hours on end. At some point it's a bid that's the highest and I walk away...but also at that point, I've already passed on a good chunk of my initial bid items.

[Casey2296]

Originally Posted by LuckyLarry

Does any one bid made on a certain lot qualify you for extended bidding or do you have to keep placing bids to become high bidder to qualify for extended bidding on this certain lot?
Larry

1 bid is enough to get you to extended, even if it is not high bid. That's why you see a lot of placeholder bids at the auction open and then a flat period until the auction close gets closer.

[butchie_t]

Originally Posted by HercDriver

I'm a dinosaur...I just put my bid in, what I want to pay for a card, and forget about it. I'm not really looking to "get a deal," I'm looking to pay a certain amount for a card, and if I get it fine. If I get it for less, even better. If I don't get it, I didn't want it at that price. I know I'm in the minority, but the last thing I need is bourbon-infused bidding at 2AM.

I do the same thing. Dinosaur or not, this method works for me just fine too.